After receiving payments from your customers, you are of course at all times looking forward to receiving your revenue on your bank account. Mollie transferring your revenue to your bank account is referred to as 'settlement' or 'payout'.
When will I receive my first payout?
Your are eligible for receiving payouts after we’ve reviewed and approved your account. Next to this, only two steps remain:
- Add your API key in your webshop to start receiving payments
- Add a bank account to receive payouts on. Mollie will verify this account and update the status when approved.
How often do I receive payouts?
By default, you will receive payouts weekly on Wednesday. You can change the day you receive payouts and frequency of payouts in your Mollie Dashboard, via Reports > Balance > settings. All frequencies are available for free:
- Every business day
- Once a week on a chosen business day
- Once a month (first business day of the month)
When is my next payout and what amount will I receive?
In your Mollie Dashboard and App under Balance you will find:
- Available balance: These funds will be paid out and can be used for refunds.
- Pending balance: These funds are temporarily held by Mollie. Find more info here.
- Estimated next payouts: This is a schedule showing when you receive what amount. This combines your payout frequency, your pending balance and (when funds are added to) your available balance.
On the same page you can find also information whenever there is something affecting or blocking your payouts. Possible reasons for a delayed payout include:
- The payout date is a bank holiday; you’ll be paid on the next business day.
- Your available balance is below the minimum payout amount. You’ll receive your money on the next payout date as long as you're balance is more than €5 or the equivalent in your payout currency.
- Your account is being reviewed by our team. If this is the case, you’ll be informed via email and in your Mollie Dashboard.